Pursuing a MBA, especially through a private institution, is a rather expensive undertaking. For instance, Stanford recommends that students budget around $48,000 per year to cover the cost of books, tuition, living expenses, and travel. Kellogg School at Northwestern suggest even more: $60,000 annually.
When considering how to finance your MBA, particular attention should also be given to what you'll lose in economic opportunity: You'll lose two years of full-time pay in addition to what you'll have to spend to cover tuition, books, housing and other expenses. All told, you'll probably spend nearly a quarter of a million dollars to earn your MBA. There are plenty of options from loans to grants that can ease the economic burden of earning your MBA.
# posted by Edward Castro @ 12:19 AM
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